$950,000
506 W Cheyenne RD Colorado Springs, CO 80906
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$950,000
Est. payment /mo
0.5 Acres Lot
Price Dropped by $250K
506 W Cheyenne RD Colorado Springs, CO 80906
UPDATED:
08/31/2024 01:57 PM
Key Details
Property Type Multi-Family
Sub Type Mix Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6889547
HOA Y/N No
Year Built 1954
Annual Tax Amount $3,524
Tax Year 2023
Lot Size 0.499 Acres
Property Description
Thank you for your interest in this unique property in a desirable part of Colorado Springs. It is not uncommon to find a home with a cottage (ADU) on the lot, but it is rare to find a home with a 4-plex and a second 2-car garage that can be rented out for cash flow. In the South half of the lot there is a 4-bedroom, 2-bath single-family home with two-car garage and huge fenced yard. In the rear of the lot, there is a 4-plex with four 1-bedroom, 1-bath units and a detached two-car garage. Live in the front house and let the 4-plex rental units and detached garage fund your lifestyle, or rent out all five units, plus the detached garage to maximize cash flow.
Location
State CO
County El Paso
Area Fenmoor
Interior
Cooling None, See Prop Desc Remarks
Fireplaces Number 1
Fireplaces Type One, Wood Burning
Laundry None
Exterior
Fence See Prop Desc Remarks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Telephone
Roof Type Other
Building
Foundation Full Basement
Water Municipal
Structure Type Frame
Schools
School District Cheyenne Mtn-12
Others
Special Listing Condition Established Rental History
Listed by The Rawhide Company
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